skysight-inc/HackerNews huggingface dataset:
You've just described the premise of growing into an adult. Congratulations.
Hm, actually Citadel has access to all RH trades before they go in effect as part of their partnership so I guess their traders would know when buys stop coming at the earliest possible time without any breaking of the firewall.

Still, if that's what happened the tweet is still inaccurate and likely made-up for attention
We are working on fundamentally different assumptions. You assume they did this in good faith to "protect new users".

I believe they are committing fraud and stock manipulation.

But yes, if I used your assumption, I would say they should have restricted options for new users, or put extra warnings up.

And to your first sentence, no, you can't just move to a new platform. It takes more than a week to move funds from one brokerage to another.
I of course agree. It is ridiculous. I also grew up in one of the cities that was the center of the so-called "crime epidemic." We've definitely improved on sentencing since 30 years ago.

I just don't think it is accurate to say that people are getting super long sentences for possession anymore and I don't think it is right to use that as justification for longer sentences for other people.
How to properly store a password in the Database
If anyone has other suggestions or a better way, I am happy to read about it.
> So, in two weeks, with high probability, these people will flood Robinhood's customer support

Robin Hood is a brokerage. It is totally normal for them to have clients which (unwillingly or, in this case, willingly) have lost money - their customer support should handle this just fine. A lawsuit for allowing normal trading is going to be laughed out of court; this, on the other hand, will not be good for them, no matter how the lawsuit turns out. Not to mention that the SEC will take a nice long look at what happened here.

If customer support overhead would be their actual worry, they could've simply implemented a large checkbox saying "THIS STOCK IS HIGHLY VOLATILE. YOU _WILL_ MOST LIKELY LOOSE YOUR MONEY. Continue at your VERY OWN risk" and be done with it (you might argue this is still somewhat manipulation, but that could've easily been done in good faith).
> more than half of their customers hold GME

This is incorrect. See the correction at the bottom of the article that originally reported that figure [1]:

Correction: An earlier version of this article stated that 56 percent of Robinhood users hold GME stock. This is incorrect, based on a misreading of a statistic on Robinhood. Motherboard regrets the error.

[1] https://www.vice.com/en/article/m7ak7y/r
Why not hire C level talent from the flyover states?

Speaking specifically of my own lane, tech, I think you might underestimate how many people--particularly people of color--never make it into the "industry pipeline" because of lack of local opportunities. Those of us who came into the tech industry from the side in the 90s know the school doesn't make much difference at all in most jobs, it's just a predictor of whether you've otherwise prepared. The initial preparation tends to be self-driven, in the best employees, and they exist everywhere. The biggest differentiator comes down to whether someone gives you a shot, and that’s almost entirely about contacts and location for name-brand-company SWE positions.

However much competition there will be then, there's more now with everything chunked up. We're talking about an existing situation. Widening the applicant pool to cheaper applicants can't do anything but help an employer.
Someone inside has almost certainly considered it, but that was likely also true when they put beta autonomous software in the hands of untrained consumers on public roads after driving a grand total of 12.2 autonomous miles the previous year. It doesn't seem unfair to question their conclusions regarding safety in light of past actions.
> Imagine a headline “Zuckerberg Agrees to Shrink His Business Empire, Bowing to US Pressure.” Does that sound like a natural headline a reasonable reporter would write?

1. A quick search with my favorite search engine for "bowing to US pressure" returns many results by a variety of reputable outlets.

2. I don't believe that reporters typically write their own headlines.
Well surely that never happens. No large organization has ever committed securities fraud in order to make or save billions.

I hope you have a better reason why that's not likely than "but that's illegal." Them actively committing securities fraud seems to be the most likely occurrence from where I'm sitting.
If you bought options, you don't have to exercise them. They could expire worthless.
Funny how everyone has no problem with blocking users and stopping ideas from spreading until it impacts them.

When facebook, twitter, youtube and reddit block the things we don't like, we cheer... but when they do it to things we like, there's outrage.

Almost like censorship in any form is bad.

I know they are two different problems, but its awfully funny to see the crowd yelling "just make your own platform" (in regards to censorship) get outraged at this.
Theme Days for Deep Work
The problem is that this speech control isn't just used for cleaning the cesspool but is now demonstrably used to protect the elite. Just this week we have escalated from just blocking hate speech and violence to blocking people who are inconveniencing Wall Street.
When you realize Twitter, etc are media companies their actions make sense. They are places that frankly cater to a certain audience or way of interacting with content. It was always perhaps naive to think such places could stay neutral free speech havens, in the same way we can’t expect that from a newspaper or tv media company.

I do wonder about hosting providers though, like AWS. Should a utility be deciding who gets electricity because of what happens in a business or home? I feel this is much less defensible.
Not to the broker, but to the market maker. When a robinhood user buys a call, a market maker is selling it to them. If the stock runs up or down too much before they can balance their book to be delta neutral, they'll lose a lot of money.

Rather than risk losing a ton of money, market makers have told the discount brokers that they won't be opening any new orders. You can't force someone to make a market for you.
But what if their workers are more productive those days when they are working remotely? That should pay down on the investment sooner! I never understand shortsightedness...
Red Hat IPOed over 20 years ago in the middle of one of the most spectacular bubbles we've seen. The world is very different now.

On top of that, yes I'd argue Red Hat is an outlier and exception whose success is as much result of good luck and timing than anything else.
This is precisely it. A willful ignorance when referring to awkward people as "autists" along with tasteless WSB quotes.
My partner works in operations for [fairly large company]. Her job is to min/max space use, organize for hiring pushes, keep the office space humming, revamp existing space as needed, plan out new space... etc. etc. etc. It's an interesting job, she's probably the person you're pissed at when your desk gets seemingly randomly moved to another floor.

Right before COVID, she was managing a HUGE densification project to get more desks in their company's current footprint. That obviously got entirely axed March 2020 (over a year of work down the drain), and it's been her job the last year to figure out WFH and what post-COVID-19 workspace looks like.

The executives are wanting people back in the office. They've seen enough they don't like about full WFH that they do want people back in the building at some point when it's safe. But they also don't want everyone in the building at the same time anymore. Basically, they want to operate the building at pre-pandemic capacity of 50% or so, rotating who is in and who isn't.

With that comes some unique space challenges, including but not limited to how does having a desk work if only 50% of people are in the office on a given day. They haven't chosen a final solution yet as there are A LOT of moving pieces, but it has been interesting to watch.
I worked at a company once where they, too, used raw memory dumps as their file format.

The compiler flags telling the compiler how to align structs were different for debug and non-debug builds. So, of course, the first thing I did, was to create non-debug build and try to open a file created by a debug-build-executable, the program crashed and burned without giving me a meaningful error message, it took me hours to understand my mistake.

Raw memory dumps are very neat efficiency-wise, but they are extremely fragile.
Chamath Palihapitiya Roasts CNBC Anchor for Shilling for Hedge Funds over People
I’m not sure that’s a good plan with such a huge dependency on financial wisdom. Look at Alaska - they have the PFD every year (well, mostly) and people just use it to buy TV’s, quads, and all the rest. You could say it frees up other income to pay bills, but I think generally people indulge themselves with lump sums of cash unless they are really struggling and have some good sense. In Alaska there are people who would favor switching the PFD to a monthly stipend rather than a lump sum to discourage this behavior.
Coinbase announces proposed direct listing
FUD, the ability to buy a stock is not an option that exposes the broker.
https://twitter.com/555Sunny/status/1354854993946406917/phot...

Still not sure if this is across the board or just the larger shareholders. I'd imagine robinhood is trying to limit their risk vs. the risk of the investor.
The higher the price goes, the more incentive for new people to buy short, who aren't subject to the same pressure to get out fast that the ones who've been there longer were.

Doing this all in such a publicly-coordinated way on Reddit means you're wide open to people trying to directly play against your goals.

So much of the "proof" of things around this seems to be making big assumptions about who is on the other side that the aggregate numbers don't seem to indicate one way or another.
Don't forget that this guy full name is: William Henry Gates III.

He is not your friend Bill from across the street that most of people could compare with.
The SEC is also extremely strict about market manipulation, and especially when there's a conflict of interest. RH uses Citadel which had billions of dollars invested into Melvin. RH is saving its partner billions of dollars with this action to the detriment of its actual users.
> I see little outrage about this. The outrage is about illegally manipulating the market in broad daylight by preventing retail investors from purchasing a stock.

There's outrage about both. This story wouldn't be submitted and upvoted if this was common knowledge and accepted practice.
I don’t think agreeing that no one else on the planet writes examples in assembly is the dunk you think it is.

Have you ever heard of anyone reaching out of those books, or even read all of them? He maybe heralded because of when we wrote them, but there are much better written books in 2021.
just a reminder not to believe random images off the internet that can be easily doctored. its possible RH is doing this, but also doesn't make much economic sense if it is just a normal share holding. Hold out for proof. Let's not have HN spread every sensational tweet.
I'm afraid I don't really have much news to share about that. It requires a complete rewrite of session handling and the on-disk session format, and that's just something I haven't gotten around to finishing yet.

I've updated the related issue earlier this week though: https://github.com/qutebrowser/qutebrowser/issues/5359#issue...

FWIW, saving isn't the problem - restoring a tab's back/forward history from the saved file is.
I took the most rigorous college degree in Sweden and did pure maths up to masters level. High school maths included calculus, although not as rigorous as you learn at college.

> If you've had this happen too often you're probably just bad at explaining things, or even worse you haven't fully understood them.

I understood the subjects well enough too solve problems on exams I hadn't seen before. That was the main way I managed to get good grades without doing practice problems or studying. I didn't manage to get others to understand things that well. I don't think that failing to get people to that level means I am bad at explaining as there is nobody in the entire world who can get average college students to that level.

For my masters thesis I solved a problem that had stumped one of the more renowned mathematicians in Sweden for decades. I'm not sure if that was hard or not, but to me it didn't seem hard. I didn't continue doing maths as I didn't really have enough passion for the subject to continue doing research, it is pretty boring. After that I realized I needed to earn money, so I learned programming, started getting top 100 spots and sometimes top 10 spots in world wide programming competitions and joined Google. That didn't seem particularly hard to me either, as it took about half a year just doing things on my own.

Why aren't I famous etc? Because I just don't care that much about things. I get bored and stop doing them long before I have worked enough hours on things to get any notable results. I aren't bragging here, I know my value to society thus isn't that high, I am just giving my perspective on things. There are tons of people online arguing that I can't exist, I don't like that.
Is there any concrete reason to suspect they're lying? Obviously none of us have directly seen Melvin's books, but there's a point where the contrary hypothesis just becomes unfalsifiable.
People buy GME for entertainment purposes. Instead of buying games at gamestop they want to have fun in a different way. By stopping the fun Robinhood basically gave everyone a big fuck you.
>Melvin Capital's short position was in the form of puts, I think.

This is incorrect.
Posted before Melvin capital claimed they had closed their position?
Shuttlecock
The "shuttle" part of the name is derived from its back-and-forth motion during the game, resembling the shuttle of a 14th-century loom, while the "cock" part of the name is derived from the resemblance of the feathers to those on a chicken.
> Now we have way more transmissible viruses and probably new regulations.

That’s incorrect and largely irrelevant. We have one virus that’s more dangerous, but not necessarily more transmissible than the flu, measles, or the common cold (and demonstrably less transmissible than many viruses).

Unless you are of the irrational belief that we have somehow reached a point in history when serial deadly pandemics are the norm instead of the exception, then there’s no reason that we can’t go back to a world where we can work in person again...

Wether we want to or not is the relevant question.
I would love to see a good argument there, because while that argument is easy to accept at face value, when I dig deeper at the concept of what market manipulation is, I fail to find behavior that the majority of WSB is engaging in that fits that criteria.

Where are the fraudulent statements causing price pumps? None of the prominent due diligence the community has provided that started this run has been found to be untrue. Their thesis still stands: GME was undervalued and shorts were vulnerable to a squeeze.
If you're flashing your lights as someone, why wouldn't you use the high beam? In particular, with daytime running lights on most cars, high beam flashing is the most practical tool for the job.

On my Model Y, it is a simple pull of the left steering wheel stalk to do that, the same on all other cars I've previously owned. On my prior car, flashing the non-bright lights would've required turning an awkwardly positioned dial that also controls fog lights and running lights. That is easier than the touchscreen method but still poor UX while driving.
Essentially, yes. Whether it's playful or not, a lot of the memes on a place like WSB are incredibly demeaning.
> we can see that this idea that the stock is too risky to quote is not true because there is a two-sided market in it right now

On exchanges. Those are buyers and sellers as well as market makers. Robinhood connects to a subset of the latter.
That's whay Schwabb did and what any serious broker would do if there's volatility. If you have cash you should always be allowed to play if you are not doing anything illegal. If it's dangerous, it's your cash not theirs.
“earn enough in (recurring) donation income for this to be considered a part-time job”

Glad to hear that!

“I'm not aware of any issues like that which wouldn't be resolved by using a virtualenv.”

To be more accurate, if I recall correctly, I think it did resolve the dependency issues, but the result was that the version of QB installed this way was crashy, or there was some other problem. Sorry, I didn’t take notes. I haven’t tried mkvenv.py, thanks for suggesting that.
The main reason people who have kids cannot easily work from home is because schools are closed and they have to take care of their kids during the day.
Yeah I don't buy this at all. There isn't enough stock for them to close their position.
>Should I be arrested, even without having caused any accident ever? In your mind, I'm sure the answer is "yes", if you don't care about results, only about violations.

Should we not bother with drunk drivers before they cause an accident as well? Surely there are safe drunk drivers out there.
Yes, GME is the laughing stock. In a very literal sense.
IDK about that. There's a class action regardless, and (IDK, but seems logical) a market manipulation case as well.

Honestly I don't understand how this is even a question. WTF is supposed to happen to the price of an asset if a big chunk of the owners can only sell.
Got email from IB that you cannot open new positions on GME this morning.
I'm not sure. Plenty of brokers are still allowing trades. I can buy and sell on Vanguard in my brokerage account right now. If there's an issue with my trade I can call them, they show their phone number on the confirmation page.

They have some warnings amounting to "this thing is crazy, we'll do our best", but they haven't stopped me from trading. Other brokers are the same.

I think Robinhood cost themselves their business today. Anytime someone says "what broker should I use" the first answer is going to be "not Robinhood, they screwed everyone over" regardless of how true that statement is. I think the industry is about to come under fire too. Heads are going to roll on this one. Action across the board is widely supported by both sides of government. If it is even close to as bad as it looks, Wall Street firms just cost themselves much more than their short positions.
Please don't post old articles as a comment on the current story. It just causes duplicate threads; the URL at the top may be different but the comments will all be about the current event. Instead, the place to link to such an article is in one of the many ongoing current threads, as these users already did:

https://news.ycombinator.com/item?id=25945952

https://news.ycombinator.com/item?id=25941759

Even more importantly, please don't rewrite titles to editorialize them ("“Citadel, a few others paid Robinhood nearly $100M in Q1 of 2020 alone.”"). That's explicitly against the site guidelines: https://news.ycombinator.com/newsguidelines.html.
Plain text file is my favorite file format... because in the end, portability is what matters the most.
I have a group of coworkers who've taken the initiate to slyly relocate during the pandemic, in some cases signing leases and buying houses. I think their idea is to either stay fully remote indefinitely or find a different remote job if the company won't abide.

The remote revolution may be overblown in general, but for programmers, the appeal is particularly strong. They've seen the promised land and it turns out it's in a nice home office in Bend OR, not a Bay Area traffic jam.
The debt is piling up at a rapid rate. Deploys are semi-automatic right now but that's another team that does it. QA/Intergration is semi-automated as well with some automated testing and some manual testing, but that's another team too. No continuous delivery.

I'll be out of here by end of the year, so I really don't care much. They really lied during the interview about their processes (fake Agile). I've stuck around for 2-3 years so that it doesn't look bad on my resume.
TrinamiX to bring 3D face authentication behind OLED displays
It’s like if non-tech people suddenly find out Salesforce uses AWS and Microsoft Office suite.
The common words which happen to match stock tickers offer a hilarious glimpse into the wallstreetbets gestalt and the current fury over trading platforms arbitrarily blocking users from buying but not selling:

PUMP

APPS

PEAK

RIDE

WOW

CALM

CRY

SITE

MOD

SON

K
It was not. Margins & shorts were locked on TD Ameritrade, but you can still buy.
Yes this most recent operation was a smashing success, in terms of convincing shallow thinkers that it's wrong for subjects to bother their rulers. Just look at what Seattle city council member Kshama Sawant has to deal with right now. Amazon is sponsoring a recall election "justified" because she had the audacity to talk to protesters who were physically inside city hall. (In reality, because she wants Amazon to pay taxes.) Perfect timing!
I don't think so. My company was remote-first before the pandemic, but we still had about 25% of our staff or so go into an office regularly. The key is to have that remote-first attitude in spite of there being an office. One of the rules we had was "if one person is remote that's supposed to be on a meeting, then everyone has to treat that as a remote meeting and Zoom in". In other words, no one was on unequal footing for important team decisions, and if you had 5 people in an office that were supposed to have a meeting with 2 other remote peeps, those 5 people would jump on their laptops for the meeting, not huddle into a conference room. Subtle changes like this make a big difference.
"The outrage is about illegally manipulating the market in broad daylight by preventing retail investors from purchasing a stock."

There's a difference between preventing someone from buying a stock and telling them you're not going to assume the risk of making a market for them, which is what's going on here. You cannot force Citadel to make a market for your orders.

They happen to result in the same situation, but the implications are completely different.
Namely, should a brokerage—especially one like Robinhood that brands itself with an anti-Wall Street Everyman gloss—be selling its customers’ trades?

What exactly is the point of this article, other than trying to stir up anti-Robinhood sentiment?
Relying on PFOF/external execution is now a bad thing?
Is the author advocating to do away with PFOF/external execution?

What's the proposed alternative, because it seems like that would take us to a full circle. In previous years, the brokerage dealing directly to the clients was fraught with problems: conflict of interest between the brokerage and their clients because the brokerage holds offsetting client positions, and the market risk held by the brokerage.

Auditing "best execution" is pretty straight-forward for a brokerage and regulators (really anyone with the data). If Brokerages are "cheating" and dealing against their clients best interests, then that's exactly the role of regulators.
If anything, this proves that free markets cannot exist. If rich people showed even a tiny shred of humility this wouldn't have happened.
For some, WFH is more attractive and more productive than for others. But why does it have to be an either or?
There are advantages with sitting next to colleagues. There are advantages with being able to skip the commute and being able to concentrate at home.
Ideally, someone would choose what's most productive, which is probably a mix of WFH and working on site.
Indeed, this sounds suspect.

Confirmation should follow shortly if true.